JGJC(SZ:000799) Ge Long Hui A P P·2025-08-20 08:35Core Viewpoint - The liquor sector has experienced a significant rebound, with major stocks like JiuGuiJiu hitting the daily limit and a notable increase in trading volume, indicating renewed investor interest and potential recovery in the market [1][5]. Group 1: Market Performance - The liquor sector has seen a consecutive rise for two days, with JiuGuiJiu achieving a trading volume of 2.08 billion yuan and a turnover rate of 10.40% [1]. - The ETF performance shows a 2.53% increase for Penghua Fund's liquor ETF, while various food and beverage ETFs also reported gains ranging from 1.47% to 2.53% [1][3]. Group 2: Company Performance - Yanghe Co. reported a net profit of 4.344 billion yuan for H1, a year-on-year decline of 45.34%, yet the stock surged over 5% the following day, indicating market resilience [5]. - The white liquor industry is expected to recover as consumption scenarios improve, particularly with the upcoming Mid-Autumn Festival and National Day driving demand [5]. Group 3: Industry Outlook - The white liquor sector has been under pressure for four consecutive years, with current valuations at a near ten-year low, suggesting potential for recovery as macroeconomic conditions improve [6]. - The current PE (TTM) for the liquor sector stands at 18.97 times, with a dividend yield of 3.95%, indicating a favorable risk-reward scenario for investors [6]. - According to analysis, the liquor sector is positioned at a valuation bottom, with expectations for a recovery driven by policy support and improving fundamentals [8].